Q: Item# What is needed# Quantity needed A B. Week 467 A Gross req. 60 20 150 1 Item# On hand (beginnin...
A: Production function means the relationship between inputs and output. It means the output is produce...
Q: 59. Lis is an implicit cost of production
A: To find : Which is implicit cost of production.
Q: What is the nature and function of Government-owned and Controlled Corporations (GOCCs)? Site exampl...
A: GOCCs are administered by the Governance Commission for Government-Owned or Controlled Corporations ...
Q: Please answer fast
A: Given the slope = 12 - 13qp = 6q = 4 a. Income = pq = Rslope = dRdq=12-13q∫dR=∫12-13qdqR = 12q - 132...
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A: The central bank conducts open market operations (i.e., buying and selling of government bonds) in o...
Q: Capital per year A K2N K, K3 91 C2 Labor per year La L, L1
A: To identify the best production point at any given level of output, the iso-cost line is paired with...
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A: The introduction of valued fiat money to the basic overlapping generations model increases the econo...
Q: 1. Below is a market schedule for both demand and supply Quantity Demanded (x- axis) 1000 Price (y-a...
A: Hi! Thank you for the question, as per the honour code, we are allowed to answer three sub-parts at ...
Q: A company manufactures 1,500,000 units of a product yearly. A new design of the product will reduce ...
A: Given: A company manufactures = 1,500,000 units The material cost declines by = 20% Processing cost ...
Q: how price system influences the government and revenues?
A: Until the 1970s, the government was widely recognised for its influence on markets. Today, there are...
Q: Problem 3. 3a. In the Newsvendor problem that we discussed in the lectures, if the cost of excess ...
A: Problem 3 3a) Its answer is true In the newsvendor problem if the holding cost increases then the cr...
Q: -In which form, the largest percentage of national income is earned?
A: To find : In which form, largest percentage of national income is earned.
Q: Which of the following statements is (are) CORRECT? a. The higher the cash withdrawals by customers,...
A: The answer is - d. All of the answers are correct.
Q: Suppose market demand for oil is Q(P) = 100 - 0. 75P where Q is billions of barrels (BBL)or oil per ...
A: Yearly Market Demand : Q = 100 - 0.75 P => P = 133.33 - 1.33 Q Marginal Cost = 7Q2 - 3Q + 6 To...
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A: By subtracting the crude mortality rate from the crude birth rate, demographers can calculate a popu...
Q: Exchange Rate Determination - Short v. Long Run The nominal money demand for the US is given by the ...
A: Introduction Money demand has given as the function of liquidity preference, output and price level ...
Q: Questions:1. What kind of game (according to outcome and sequence) is Crandall proposing to Putnam?2...
A: 1. In terms of the result, Crandall is essentially offering to Putnam a positive-sum game, in which ...
Q: Consider a company that operates in a competitive market, with a typical set of cost curves (Margina...
A: TFC=27×180=4860When P=50,Average Fixed Cost= Total Fixed CostTotal OutputAverage Fixed Cost=4860200A...
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A: In an economy, the effectiveness of monetary policy depends upon the market condition and the abilit...
Q: Consider a monopolist that maximizes profits and charges all consumers the same price. The inverse ...
A: The monopoly maximize profit where the MR=MC. The monopoly firm is price maker.
Q: Under a fixed exchange rate, if the central bank has to constantly sell foreign currencies, it shoul...
A: Int the fixed exchange rate system, when central bank buys or sells domestic or foreign currency, it...
Q: 5. Identify the author of "The principles of Political Economy and Taxation"
A: To find : Who is author of principle of political economy and taxation.
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Q: If supply is diminished what happens to the price of goods? What happens to the demand for goods? Us...
A:
Q: Adam Smith is the thinker who is considered the founder of communism. Group of answer choices True...
A: Communist economy: - it is that economic system where the major portion of resources in an economy i...
Q: Which if the following statements about equilibrium price are true? Choose all that apply. A. Market...
A: The curve that depicts various quantities of goods being demanded by individuals at various levels o...
Q: Please place these budget process steps in order from first to last: Systematic audits are conducted...
A: Budget refers to the process of making a detailed plan for distribution of funds and resources over ...
Q: 1. explain economic structure of OPEC 2. analyze price, quanitity using economics model of cartels.
A: 1. Economic structure of OPEC The Organization of Petroleum Exporting Countries (OPEC) is commonly r...
Q: Draw the PPC for the lowan farmer, the PPC for the Nebraskan farmer, and then draw the combined PPC ...
A: PPC stands for production possibility curve. PPC represents the locus of points of the combination o...
Q: Question 3 Let Q = 3P – P² – 1. Find the point elasticity of demand at P=2. - Question 4 3P3 – 2P2 -...
A: Answer (3). Given, Demand function: Q=3P-P2-1Price P=2At P=2 the quantity demanded is given below:Q=...
Q: Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing f...
A: Here, it is given that the world price of cotton has decreased due to which there will be a change i...
Q: The table below represents Sue’s preferences for bottled water and soft drinks, the combination of w...
A: The marginal rate of substitution or MRS. implies to the rate at which one good can be substituted f...
Q: Autonomous consumption = $1,000 Marginal propensity to consume = 0.75 Taxes = $800 Transfers = $300 ...
A: Autonomous consumption = $1000 Marginal propensity to consume = 0.75 Taxes = $800 Transfers = $300...
Q: Which of the following statements correctly describe discouraged workers? (If none of the choices ap...
A: A discouraged worker is not part of labor force because the individual is not actively looking f...
Q: You have just used three of the four variables in the IPAT equation. Now give one example of how the...
A: The T variable in the I=PAT equation represents how resource intensive affluent production is; how m...
Q: DEN NLD CAN AUS AUT CHE 7.5 NOR ISR FIN SWE FRA BEL MEX KOR ISLEGBR IRL USA CHL DEU 6.5 CZE ESP 6. I...
A: To answer the part ii, we should compare the actual values for the countries to the predicted values...
Q: The UK recently voted to leave the EU, often referred to as Brexit. Suppose the domestic market for ...
A: A country becomes an importer if the world price is less than domestic equilibrium price because at ...
Q: Households and businesses often hold some of their wealth as non-interest earning money balances bec...
A: People hold some part of their wealth and some as interest bearing asset.
Q: 52. When - we know that the firms are earning just normal profits. A. O AC = AR В. О МС %3DMR С. О М...
A: The average revenue is the amount of revenue earned per unit of output and the average cost is the c...
Q: An economy is characterized by the following relations: Y = F(K,AL) = Kª(AL)1-a : Production functio...
A: Since the question you have posted consists of multiple parts, we will answer the first three parts ...
Q: The Superior Jumpdrive Company sells jump drives for $10 each. Manufacturing cost is $2.60 per jump ...
A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts fo...
Q: A monopolist produces two goods as follows: p= 11-0.5x, q = 51- 0.5y where p and q are prices per un...
A:
Q: If country A has a Gini Index score of 0.55, and country B has a Gini Index score of 0.32, then Coun...
A: Inequality depends on how income is distributed among the population.
Q: 1. Two interesting public goods are radio and television signals. A. In the U.S., private markets ha...
A: The two broad categories of goods are :- (1) Public goods (2) Private goods
Q: Elinor Ostrom and Oliver Williamson are the Nobel Prize Laureates in Economics in 2009. Do you know ...
A: To find : Year of publish.
Q: Which of the following will NOT shift the AD curve? Oa. O a. Changes in consumer confidence O b. Cha...
A: Aggregate demand curve is a downward sloping curve which represents a total demand of final goods an...
Q: Suppose Cody has utility function U (x, y) = a/¤ + ß/ỹ over goods x and y, where a 2 and B = 2. a) I...
A: The utility function for Cody is, U(x,y)=2x+2y Given the prices and income we find the optimal bundl...
Q: The equations below represent the demand and supply curves for annual gym memberships in a certain c...
A: Given: Demand equation: qD=500−2p ... (1) Supply equation: qS=0.5p−50 ...(2)
Q: Jake buys a used Harley-Davidson motorcycle for $2,500. He spends an additional $950 installing bran...
A: Cost of used bike = $2500 US made tale pipes cost = $950
Q: In the short run, when the output of a firm increases, its average fixed cost
A: To find : What will be average fixed cost.
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- According to the child labour model, if the demand curve is sufficiently elastic A. there is a single equilibrium with high wages or low wages, depending on the demand for labour B. there is a single equilibrium with low wages C. there is a single equilibrium with high wages D. there are multiple equilibriaDistinguish between Factor Price Equalization and the Stolper-Samuelson theory.Imagine a scenario where a worker receives a wage far above the market determined rate for their employment. Using the concept of cognitive dissonance, would this worker be predicted to respond with more or less effort on the job? Explain.
- Why is the conclusion of the Compensation test principle considered unethical?Why do efficiency wages generate involuntary unemployment? What factors prevent the market from clearing in efficiency wage models?Select whether True or False An example of economic discrimination is the creation of "ethnic" neighborhoods. In this example, econornic discrimination allows for society to keep "undesirable" elements and people out of certain ares of a city. Therefore, it is a means of keeping certain areas of the city more economically valuable, especially in terms of property values. True False
- Explain the similarities and differences between the assumptions of Specific Factor Theory and the Model Trading Heckscher – OhlinYou have the following equation relating job risk R to wages W: W = .01*R + XB, where XB indicates control for the following confounders: education, job experience, and income. Assume W= annual wages=50,000 A. If the change in R = a 1 in 10,000 higher chance of death in a year, how much more would an individual need to be paid to be willing to assume this risk? B. What is the implied statistical value of a year of life based on this model? C. What do you think would happen to the estimated relationship between R and W if none of the three confounders were included in this model? Explain.The Heckscher-Ohlin model predicts that there will be no factor intensity reversals when moving from autarky to trade. True False
- Suppose there are two identical job offers in the same competitive labor market for a software developer position. Both offers have the same salary of $80,000 per year. However, Job A allows the employee to work from home, while Job B requires the employee to commute to the office daily. The average monthly commuting cost for Job B is estimated to be $400. Calculate the compensating differential in this scenario, and determine if it makes economic sense for the employee to choose Job B over Job A. Assume a working year consists of 12 months.How is cross elasticity and income elasticity relevant to Indigo’s managerialdecision making?The use of group averages to judge individual productivity levels is called Statistical Discrimination. Therefore; this type of discrimination differs from ordinary discrimination because it is based on incomplete information rather than on the utility-maximizing choices of people with accurate information? True False
